1429 N Simpson STREET
About This Property
*** Single story single family house, fully renovated in 2015
*** New roof few months ago
*** 3 large bedrooms and one bath
*** Two blocks from community park, pool, tennis courts
*** Minutes to downtown Mt Dora and Lake Dora
*** Spacious home with three bedrooms and one bath. Large living room is open to the dining area and kitchen.
*** Corridor takes you to the three bedrooms and bath as well as a centrally located laundry room with washer, dryer hookups and plenty of storage.
*** Master bedroom has a large walk-in closet.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017